Realising your home’s potential with equity release

Yet many do not feel that wealthy, because low interest rates have hammered the income they earn on their savings and pensions.
The result is that millions are struggling to fund everyday expenses and make the most of retirement, despite owning a property valued at hundreds of thousands of pounds.
For many in this situation, there is an increasingly popular solution. Equity release allows you to unlock the capital sitting in your home, and turn it into cash.
Homeowners spend the money on a variety of things, including doing up their property, paying off debts or helping children to get on... read more

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Thousands of older homeowners who unlocked cash from their property may be able to slash their interest bills.
Pensioners who took equity release can switch the loan they have to a cheaper deal — in much the same way as ordinary buyers remortgage.
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MILLIONS of pensioners are struggling to pay everyday bills despite owning homes worth six-figure sums. If you are one of them there is a way of turning the unused equity in your home into ready cash. Equity release plans allow you to unlock the...

Increasing numbers of older people are turning to equity release as a way of raising much-need funds.
It allows those who are asset rich but cash poor to draw on their home's value in their retirement, with the loan repayable after their death.
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Soaring property prices mean that many retired people now live in expensive homes while struggling to find the cash to cover everyday living costs.
They do not want to sell their home but they urgently want to boost their spending power.
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They have been described by former tennis star Andrew Castle as one of the ‘biggest scandals in this country’.
But financial plans enabling elderly homeowners to take out a mortgage on their home without having to pay interest on it during their...

Equity release allows those who are asset rich but cash poor to draw on their home's value in their retirement - or approach to retiring - by taking a loan repayable after their death.
There are downsides as it can be expensive and mean there is...